AUD/USD’s fall fro 0.6823 extended lower last week and the development indicates short term topping. After the late selloff on Friday, initial bias is now on the downside this week for 38.2% retracement of 0.6348 to 0.6823 at 0.6642. Break will target 61.8% retracement at 0.6529. On the upside, though, above 0.6766 resistance will bring […]
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Key insights from the week that was. The main update for Australia this week was August’s Labour Force Survey. The result again emphasised the strength of labour demand, with employment growing by 47,000, ahead of Read more…
Daily Pivots: (S1) 1.1096; (P) 1.1137; (R1) 1.1204; More…. Intraday bias in EUR/USD remains mildly on the upside with focus on 1.1200 resistance. Decisive break there will resume larger the rally from 1.0665 to 1.1274 Read more…
Daily Pivots: (S1) 141.70; (P) 142.82; (R1) 143.76; More… Intraday bias in USD/JPY stays mildly on the upside for the moment. Rebound from 139.57 short term bottom should target 55 D EMA (now at 147.37), Read more…